“The average person in Britain saves around £450 every year because trading with Europe drives down the price of goods and services.”
Britain Stronger in Europe website
Will prices in the shops go up or down if Britain votes to pull out of the EU on 23 June?
Both the Leave and Remain campaigns have made contradictory claims on this. And sometimes they disagree with themselves on the detail.
The claim that the average Brit saves £450 because trade lowers prices is one that Britain Stronger in Europe have been repeating for some time.
Confusingly, the official Remain campaign group also endorses an alternative analysis which says prices have been lowered by £350 a year per household – a much lower figure.
And it has been promoting an online calculator tool which comes up with a third, completely different, number for “how much more you and your family could pay for everyday goods if Britain leaves Europe”.
On the other hand, various Brexiteers have said prices could come down by hundreds of pounds a year if we leave. How are voters supposed to make sense of this? (more…)